Having lost out on his £1,000 invested in Wiggins (cos it was good for Thanet), Bertie is always interested in share prices and who buys whose shares.
Digging around the internet I was interested to see that Laxey Partners Ltd ( a hedge fund operator based in the Isle of Man) bought 21.28% of Commercial Group Properties at about 120p per share in March 2008 and Google Finance shows those shares were down to 110p on Friday. They would appear to own a fifth of CGP.
I also found this little snippet from The Swiss Federal Banking Commission about Laxey Partners Ltd:
"10 March 2008 – The Swiss Federal Banking Commission (SFBC) ruled on 7
March 2008 that Laxey Partners Ltd et alii (Laxey) infringed their disclosure obligations
under Art. 20 of the Stock Exchange Act when building their stake in Implenia
AG by using contracts for difference with underlying Implenia AG shares
mainly during the first quarter of 2007. The SFBC will, as a result, file a criminal
complaint with the Federal Department of Finance as required by law."
Looking again at CGP's Directors, I see no set up to actually develop and run a site like the proposed China Gateway. Then of course I remember that CGP's Managing Director's particular forte is to maximise a return to investors by obtaining planning consents.
No wonder Thanet's water supply, farmland and rural country-side between Manston and Acol is irrelevant to them.